Siebel Employee Relationship Management Administration Guide > Setting Up Compensation Planning > Managing Compensation Budgets >

Creating a Compensation Budget and Budget Type

Budget records are created for employees who meet the following criteria:

• The employee record has an Employee Type designation of Employee.
• The employee has an employment status of Active, Leave of Absence, or Paid Leave of Absence

  Employee status is accessed using the Administration - Employee view.

• The employee meets each eligibility rule applied to the budgeting process.

To create a budget

1. From the application-level menu, choose Navigate > Site Map > Administration - Compensation Planning > Compensation Plan Rules Administration
2. From the visibility filters, select Budgets.
3. In the Budgets list, add a new record and complete the fields.

   The following table describes the fields in the budget record.

   Field	Comments
   Name	The name of the budget.
   Period	Select the period that the budget covers. The Start and End fields are populated after you select a period.
   Start	Start of the budget effective period.
   End	Expiration date for the budget.
   Description	Description of the budget.
   Organization	The organization associated with the budget.
   Currency	The currency code for the budget.
   Exchange Date	The currency exchange date used in the planning cycle. This date must be specified when multicurrency planning occurs.
   Last Run	Indicates the date and time of the last budget calculation.
   Status	A system-generated value. Values are New, Calculated and Locked. For more information, see Locking the Compensation Budget.
   Active	Select the check box to activate the budget.

To create budget types for the budget

1. From the application-level menu, choose Navigate > Site Map > Administration - Compensation Planning > Compensation Plan Rules Administration.
2. From the visibility filters, select Budgets.
3. In the Budgets list, select the budget.
4. In the Budget Types list, add a new record and complete the fields.

   The following table describes the fields in the budget type record.

   Field	Comments
   Budget	The total budget amount. This field is automatically completed when the budget is calculated. The application aggregates budget amounts for the employees associated with the selected budget type in the selected period.
   Budget Spent	The total budget spent amount. The application aggregates budget spent amounts for the employees associated with the selected budget type in the selected period.
   Eligibility Rule	An eligibility rule to indicate which employees have budgets created for them.
   Expression	An expression used to calculate the budget amount.
   Type	The compensation type for which you want to calculate a budget. Values include Merit, Promotion, Variable Pay, and Stock.

Related Topic

Managing Compensation Budgets